Esther Williams AGP, wall buckling, cove?

[jimmymustang06]

We had a 27' given to us.. just got it up.. filled it over night.. looked at it this morning and the wall is buckling at one of the up-rights.. We used pre-existing padded coves.. and this one may have been one that was in not so great shape AND the seam between the next cove is right where this is buckling.. I have about 40 inches of water so far... How much should I be worried about this for this year? and is there anything I can do short of draining and replacing the cove?... please see pics below.. Thanks for any help..

http://farm7.static.flickr.com/6130/5971736065_00ffb48967.jpg (http://www.flickr.com/photos/thevestals/5971736065/)
IMG_20110724_180641-1 (http://www.flickr.com/photos/thevestals/5971736065/) by riogrande_texas (http://www.flickr.com/people/thevestals/), on Flickr



http://farm7.static.flickr.com/6010/5971736009_9f690dc2ef.jpg (http://www.flickr.com/photos/thevestals/5971736009/)
IMG_20110724_180854-1 (http://www.flickr.com/photos/thevestals/5971736009/) by riogrande_texas (http://www.flickr.com/people/thevestals/), on Flickr

http://farm7.static.flickr.com/6122/5971735965_8f4638eec4.jpg (http://www.flickr.com/photos/thevestals/5971735965/)
IMG_20110724_180509-1 (http://www.flickr.com/photos/thevestals/5971735965/) by riogrande_texas (http://www.flickr.com/people/thevestals/), on Flickr

http://farm7.static.flickr.com/6011/5971735907_89aca7a881.jpg (http://www.flickr.com/photos/thevestals/5971735907/)
IMG_20110724_180524-1 (http://www.flickr.com/photos/thevestals/5971735907/) by riogrande_texas (http://www.flickr.com/people/thevestals/), on Flickr